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2014-2024 Group Life Waiver of Premium Claim Termination Experience Study - Data Request

The Society of Actuaries (SOA) Research Institute’s Group Life Committee (GLEC) and LIMRA are soliciting group life waiver of premium recovery and mortality experience for calendar years 2014 through 2024. 

The SOA Research Institute’s GLEC and LIMRA plan to complete a group life waiver of premium claim termination study as an update to the previous study covering 2000-2015 republished in 2019. The goals of this update are to:

  • compare more recent group life waiver of premium recovery and mortality experience with the experience from the 2000-2015 study and produce actual to expected comparisons to the 2023 Group Term Life Waiver Mortality and Recovery Valuation Tables; and
  • provide an update to the study of group life waiver of premium recovery and mortality rates by several categorical variables, including elimination period, age at disability, duration of disability, sex, face amount, coverage type, diagnosis, disability definition, LTD coverage, benefit period, industry groups, and geographic areas to assist companies in setting assumptions, designing, pricing, valuing, and managing the risk of group life insurance products.

Please see attached documents for instructions on data submission and format. The 2014-2024 data are due to LIMRA by June 30, 2026. If you would like to contribute, but find that this timing is challenging, please contact StudyPro@soa.org.

In an effort to ensure these important industry studies can be funded on a sustainable basis, the SOA Research Institute and LIMRA are offering the detailed outputs of this work as part of a paid subscription to Experience Studies Pro.

The following may be included in the output made available for subscribers:

  • detailed experience study report with analysis and commentary;
  • a set of data visualization dashboards with the ability to filter on and drill down into the detail of the results of the study;
  • conditioned on the agreement of all contributors, dataset(s) containing the aggregated experience collected for the purpose of this study. The datasets may be made available in excel files, text files, or downloads from the data visualization tool;
  • models or other tools developed to support the analyses completed in the study; and
  • other outputs as determined by the SOA Research Institute and LIMRA.

For more information, please refer to the attached data submission instructions and feel free to contact us with any questions.

Materials

2014–24 Group Life Waiver of Premium Claim Termination Experience Study Data Request

2014–24 Group Life Waiver of Premium Claim Termination Experience Study Data Description

Questions Or Comments?

If you have any questions, please contact StudyPro@soa.org